SEA
Indonesia readying tough new curbs for online platforms – report
Indonesia is one of the world top-10 markets by the number of users for social media firms including Youtube, TikTok, Facebook, Twitter, Instagram and Whatsapp. Indonesia is also the world's fourth most populous country.
Malaysia’s iPrice Group raises $5M from Itochu Corporation and KDDI Corporation
iPrice Group, Malaysia-based price comparison platform, announced Wednesday that it has raised $5 million of additional funding led by Japan-based firms Itochu Corporation and the KDDI Open Innovation Fund III (operated by Global Brain Corporation). The additional funding will bolster iPrice’s role in finding shoppers the best deals as Southeast Asia’s…
Finch Asia, IndoGen Capital, and Tokocrypto execs launch Southeast Asia focused Web3 projects fund
Finch Asia and IndoGen Capital are forming a web3-focused investment fund, named Cydonia, onboarding seasoned profiles from the blockchain landscape as the partners, notably Teguh Kurniawan Harmanda and Chung Ying Lai, who are respectively the Co-Founder/Chief Operating Officer and Chief Strategy Officer of Indonesia's largest crypto exchange, Tokocrypto,…
Malaysia’s Carsome acquires majority stake in Singapore integrated automotive firm CarTimes Automobile
Malaysia-based integrated car e-commerce platform Carsome Group Pte Ltd (Carsome) announced Thursday the acquisition of 51 percent stake in Singapore integrated automotive firm CarTimes Automobile Pte Ltd (CarTimes). Carsome said the acquisition is an important move that further strengthens its market leadership in the region, and reinforces its commitment…
Starbucks partners with Grab to enhance Starbucks experience for customers in Southeast Asia
Starbucks announced Wednesday an integrated partnership with Grab across six markets, including the Philippines, Thailand, Singapore, Malaysia, Indonesia, and Vietnam. The partnership will provide customers across Southeast Asia with a seamless Starbucks Experience, allowing them to earn Starbucks Rewards benefits on purchases through Grab, have more ways…
Malaysia’s drone tech hub ambition: Opportunities & Challenges [Part 2]
In Part 2, we focus on the challenges faced by drone tech startups, the Malaysia government’s initiatives to support the industry and some suggestions from drone tech companies.
Singapore’s PropertyGuru to debut on NYSE on Friday
The merger proposal was passed on Tuesday (March 15) at the extraordinary general meeting of Bridgetown 2.
Malaysia’s Carsome buys 51% stake in Singapore used car dealer CarTimes for $60M – report
The news comes as Carsome is said to be preparing for an initial public offering in the US later of the year.
Grab’s top execs extend stock lock-up period as share price tumbles
Grab said it believes that "this extension is a reflection of the continued, collective belief by the members of the Executive Committee in the business fundamentals and prospects of Grab".
[Updated] Indonesia’s GoTo to raise $1.25B in local IPO – report
GoTo, a merger of ride-hailing giant Gojek and e-commerce firm Tokopedia, said it plans to sell up to 52 billion Series A shares and set a price range of 316 to 346 rupiah per share.
